- Economically and politically unites many nations of Europe
- Members
- Austria
- Belgium
- Bulgaria
- Croatia
- Cyprus
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Ireland
- Italy
- Latvia
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Poland
- Portugal
- Romania
- Slovakia
- Slovenia
- Spain
- Sweden
- United Kingdom
- Capital: Brussels, Belgium
- 1952: The European Coal and Steel Community (Belgium, France, Italy, Luxembourg, Netherlands, West Germany)
- Shared resources to compete with the growing United States economy
- Proposed by Robert Schuman, foreign minister of France
- 1957: Treaty of Rome creates the European Economic Community
- 1967: Becomes the European Community
- 1973: Add Denmark, Ireland, and the United Kingdom
- 1993: Maastricht Treaty establishes the European Union, sets framework for complete economic unity
- 2002: The Euro goes into effect
- Not used by Bulgaria, Croatia, Czech Republic, Denmark, Latvia, Lithuania, Poland, Romania, Sweden, and the United Kingdom
- A economic downturn hit Europe (especially Portugal, Italy, Greece, and Spain) in the late 2000's
- For more on the EU economy, visit http://beleuz.wordpress.com/.
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Tuesday, August 20, 2013
European Union
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